I carefully pointed out all the important divergences a person can find on this 30m chart.
Please notice the chart displaying two correction forms, two twin brothers.
Everyone is looking at the differences between these two twin correction movements
in order to be able to identify the pattern breakage before it actually happens.
I used two RSI with 14 and 56...
We have a clear 'Triple Top' and have created a neckline entry point, we have also gone below the 200 SMA and we have very clear Regular Bearish Divergence, take your profit in this golden zone which is the 50% and 61.8% Fibonacci retracement
We have bullish divergence on the OBV, as well as this you can see from the market structure, price has hit off the golden zone and is now its way to rally and complete an 'M' shape which is a very important pattern when trading Forex. Once price hits the resistance to complete the 'M', only then will it be time to go short on this currency pair.
We have just completed a head and shoulders pattern on the 4 hour time frame and now it looks like price is going to push up due to the bullish hidden divergence and also the bullish pennant pattern. Price is likely to have a small retracement at the golden zone(Either at 50% or 61.8%), but is expected to carry on to the upside.
Yeah.
A very strong triple reversed bearish divergence c.A has just kicked in.
This is a sign of a great bearish pressure.
But a small return fire finally came from the
(asian? already? hard to keep up with everything...)
markets and we have consumed a lot of the impulse related to this divergence
by another small divergence - but this time a reversed bullish...
Time to start shorting Sugar, or just an ascending triangle that price consolidates in before it breaks up to higher prices?
RSI gives signals of exhaustion for the bulls and four signs of bearish divergence, obviously we have been up trending for a while now and is only reasonable for RSI to fall from overbought to neutral levels, the four last peaks on ...
Pattern has started to form an AB=CD.
The C point is at a strong area of structural support.
There is divergence on the smaller time frame.
There is a break out of the trend line from 1hr chart.
Two take profits have been identified.
Remember, we can trade C to D and then D as a sell....
Price has had a small breakout of a minor trend line in the 1 hrs chart.
There is divergence on the daily chart which h shows exhaustion so a fall should happen soon.
A nice reversal candle stick is ideal.
I have drawn my expected movements of price. It can either form a double top or head and shoulders. If this is the case price will continue a bearish move...
From the large time frame price is near 61.8 level. This is a close to an area of structure.
The weekly trend is downwards so this would be countering the main trend. However a small break out has shown itself on the 30 minute chart.
Couple this with RSI divergence and we should see some bullish momentum until the descending trendline.
Price is at the 50 level of the last major fib retracement. There is structural resistance at this area. Price has formed a bearish bar out side the trend line. Price should continue downwards. Divergence is evidence.
Price is at area of resistance.
I cant see any fib retracement points.
There is divergence.
A break out and reversal candle would be required prior to entry. For now it's a waiting game.
Bullish daily pin bar at major support alongside bullish divergence
Awaiting bullish engulfing candlestick for confirmation
Entry would be at 50% of today's candlestick if strategy is confirmed
Morning traders
New week and we are looking at a new bearish divergence setup showing up on US dollar versus Canadian dollar on the 4 hourly charts with new highs on prices being met with a combination of lower highs on both RSI and stochastics pointing to a bearish divergence and a likely fall in prices over the coming trading session.
Looking to trade this...
EurAud is currently at a fairly respected level of structure of minor resistance with decent inside movements. We are overbought on Rsi aswell which can provide us with some relief, divergence on the 60 and rising channel on the 5min
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